Galion Community Center-Ymca

Analysis

Galion Community Center-Ymca is a registered charity in United States, based in Galion, OH. It received its IRS tax-exemption ruling in October 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Galion Community Center-Ymca reported income of $1.4m and spending of $1.2m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galion Community Center-Ymca sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include American Friends of Merkaz Hachinuch Habeer Inc ($1.4m), Mayors Institute for Excellence in Government Inc ($1.4m) and Santa Clarita Valley Food Pantry ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $87k (7.1% of expenses). Other salaries and wages came to $541k. At year end it held assets of $4.3m against liabilities of $61k, net assets of $4.2m. It reported 97 employees.